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Do guilds disband if membership drops below 10?

Windshadow_ESO
Windshadow_ESO
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I am hurting for bag space so I wondered if a private guild (or one shared with just a few others ) was an option I know you need 10 to start a guild but if you drop below 10 does access to that nice 500 slot bank close and not open again till membership goes back above 10?

if not is this OK to do by the rules of the game?
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